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Jul 12, 2011
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i got some cost-benefit analysis on infrastructure in afghanistan and some of the other things that they are for. i think it is a reasonable thing to do. as long as the cost includes, of course, the financial crisis of -- and the lost revenue and jobs and turmoil. that's the cost. the cost is the terrible crisis we had. although -- i notice that alan sloan has come out with a thorough analysis that is going to be printed in "fortune" about how much money we made over the intervention, the combination of the tarp and the federal reserve and made about $100 billion for the federal government. >> [inaudible] just as a related question, you talked about the bailout being over. if -- are we really to believe that -- >> i will not comment on any financial institution. you get to be chairman or you're a ranking member and you have more nevertheless but you have got to shut up some. my first couple of weeks, i talked like a normal person. here i am affecting the market. so obviously i don't want to talk about citi. i will say this. the reason i say bailout is this. if you mean the kind of interv
i got some cost-benefit analysis on infrastructure in afghanistan and some of the other things that they are for. i think it is a reasonable thing to do. as long as the cost includes, of course, the financial crisis of -- and the lost revenue and jobs and turmoil. that's the cost. the cost is the terrible crisis we had. although -- i notice that alan sloan has come out with a thorough analysis that is going to be printed in "fortune" about how much money we made over the intervention,...
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Jul 1, 2011
07/11
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i spent some time in afghanistan. i am hopeful that either one of you will test us here at not acknowledge that bribes have been an essential part of us doing business in afghanistan, regardless of what we are doing. what can you tell the committee about bribes in the bribes that have been paid at various places and levels, whether it is under the aegis of security or other services that are needed by local folks that are used to getting their piece of the pie? >> i can tell you, we do not have any part of that whatsoever. we have a very strict company policy against bribes, and we'd just do not participate in that. on several locations, it costs us delays. we have had to suffer because we did not agree to play that game. but we really do not. >> mr. walker? >> we have seen no evidence of our security personnel providing bribes. the casualties that we're taking would indicate that that is not something that we sponsor or that our security provides. >> i assume as the security costs went way up, the casualties went dow
i spent some time in afghanistan. i am hopeful that either one of you will test us here at not acknowledge that bribes have been an essential part of us doing business in afghanistan, regardless of what we are doing. what can you tell the committee about bribes in the bribes that have been paid at various places and levels, whether it is under the aegis of security or other services that are needed by local folks that are used to getting their piece of the pie? >> i can tell you, we do...
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Jul 26, 2011
07/11
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part -- the other factor is that we are now drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of thelan that we've been operating on for a long time. $150 billion for the w is not baseline expenditure of the united states. it was never projected to continue at that level, so hopefully we could bring it below $50 billion. maybe we went get to $50 billion. i don't know. but what is the reasonable estimate? i think the house republicans and the president said it would drop to $50 billion, and that would be the baseline out there for the rest of the time. that's $1 trillion. that's $1 trillion. so you take $1 trillion out of the $2.7 trillion, you're down to $1.7 trlion. and another thing that's scored in tt, since that $1 trillion in war costs is scored the wa
part -- the other factor is that we are now drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of thelan that we've been operating on for a long time. $150 billion...
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Jul 26, 2011
07/11
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reluctant to advocate for people who are being persecuted because they're christians whether it be in afghanistan, pakistan or egypt. and the two questions that i have, how many connections have there been -- convictions have there been over the last several years, do you have any -- and how many occasions do you know where the american embassy has advocated for these cases? generally, when there's a problem, members go to the embassy, they advocate it. how many times has the american embassy participate and been involved in any different cases? >> thank you very much, mr. wolf. there have been, in the 50 cases i was involved with personally, there were two investigations, neither investigation resulted in any legal process, so there are no convictions, um, resulting as of, as of complaints to the effective kidnappings, forced marriages and forced converses of coptic christian women. to my knowledge, also, and according to my research the u.s. embassy has not advocated on behalf of these women. >> one last thing, mr. chairman. as you have this record, i urge you to send it to leon panetta. our mi
reluctant to advocate for people who are being persecuted because they're christians whether it be in afghanistan, pakistan or egypt. and the two questions that i have, how many connections have there been -- convictions have there been over the last several years, do you have any -- and how many occasions do you know where the american embassy has advocated for these cases? generally, when there's a problem, members go to the embassy, they advocate it. how many times has the american embassy...
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Jul 19, 2011
07/11
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we are borrowing $10 billion a month for afghanistan. and yet we're saying we're going to balance the budget by going after poor people, senior citizens, by going after pell grants. people talk about jobs. you have to invest to create jobs. you cut these programs and it is hard to be competitive in these economies. when you cut money for education and transportation infrastructure, it becomes more difficult to become competitive. we need to be smart about this. this approach of exempting corporate welfare, to me, is egregious. let me finally say this, and that is, i will end as i began here, i thought we would be coming back talking about how we're getting closer. and this bill, the best i can -- i hope this is just bad political theater -- but this bill is a sharp right turn. it moves us further away from where i thought we were getting . i hope it does not delay our ability to come to some sort of an agreement between the congressional leadership and the white house. i hope this is not something that further fuels this notion that some
we are borrowing $10 billion a month for afghanistan. and yet we're saying we're going to balance the budget by going after poor people, senior citizens, by going after pell grants. people talk about jobs. you have to invest to create jobs. you cut these programs and it is hard to be competitive in these economies. when you cut money for education and transportation infrastructure, it becomes more difficult to become competitive. we need to be smart about this. this approach of exempting...
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Jul 20, 2011
07/11
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. -- in iraq and afghanistan. host: why did they see this as an area that need to be filled? guest: the problem has been wrapped up in the general difficulties. it turns out a lot of homes have gone into -- a lot of people have gone into default of mortgages. some companies are better than others at collecting monthly payments and keeping track of paperwork. the ones have proved not to be so good at it have caught service members in the riptide. we have not gotten your payment, we over charge them. foreclosure. that sort of thing going on. this has been a politically embarrassing process of writing wrongs done against members of the military in active duty. host: gym as white as a deployed serviceman and against paying his mortgage -- jim asked why a deployed servicemen against paying his mortgage? guest: he is not exempt against paying his mortgage. is exempt against being foreclosed on. as it has been explained to me, a service member might be in the field for a week or two and have virtually no contact with the
. -- in iraq and afghanistan. host: why did they see this as an area that need to be filled? guest: the problem has been wrapped up in the general difficulties. it turns out a lot of homes have gone into -- a lot of people have gone into default of mortgages. some companies are better than others at collecting monthly payments and keeping track of paperwork. the ones have proved not to be so good at it have caught service members in the riptide. we have not gotten your payment, we over charge...
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Jul 29, 2011
07/11
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40% of the cuts are completely counterfeit. 1 trillion of harry reid's cuts come from drawing down in afghanistan and in iraq. and while were all like to end these conflicts as soon as we possibly can, and with success, harry reid's saving assuming the cost of the war our endeavor. woman already start to draw down in both of these regions. it's almost like saying that we will save trillions of dollars by promising not to invade canada. it's never going to happen. i can't support any plan that begins with the assumption that we have to raise the debt limit and yet doesn't offer a fundamental restructuring of government spending habits. i won't do it. and while i embrace the principles of cut, cap and balance, the bill simply did not go far enough to fundamentally restructure the way that this city stands the american people's money. and it allowed for an increase in the debt limit, something i simply won't do. i also believe that we must repeal and defund obamnicare as part of any solution to our current debt crisis. by? because obamacare is the largest spending and entitlement program ever passed
40% of the cuts are completely counterfeit. 1 trillion of harry reid's cuts come from drawing down in afghanistan and in iraq. and while were all like to end these conflicts as soon as we possibly can, and with success, harry reid's saving assuming the cost of the war our endeavor. woman already start to draw down in both of these regions. it's almost like saying that we will save trillions of dollars by promising not to invade canada. it's never going to happen. i can't support any plan that...
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Jul 30, 2011
07/11
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with respect to individuals who may be captured, high-value targets that may be captured outside of afghanistan. as director of nctc, you will be integrally involved in deliberations relative to any proposal for a long-term plan on detention and interrogation and my question to you is, are you prepared to give sound advice, number one, that you are going to be asked to give and secondly, if the administration appears to be headed down a road that you don't think is the right direction to go, will you say to this committee now that you are going to express yourself in a very strong manner to help to try to develop the best possible policy for detention and interrogation of high-value targets even though your opinion may be contrary to the folks at the white house who are nominating you today? >> yes, absolutely and if i may, i do make that pledge. i think in my prior position, i had taken a position. in other words i have given advice in an unvarnished, objective independent way as a career government official. i've made known my personal views and sought to move positions based on my objective
with respect to individuals who may be captured, high-value targets that may be captured outside of afghanistan. as director of nctc, you will be integrally involved in deliberations relative to any proposal for a long-term plan on detention and interrogation and my question to you is, are you prepared to give sound advice, number one, that you are going to be asked to give and secondly, if the administration appears to be headed down a road that you don't think is the right direction to go,...
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Jul 29, 2011
07/11
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right now we borrow $10 billion every month for military operations in afghanistan alone to prop up a corrupt and incoetent karzai government. how about ending wasteful subsidies to big agriculture companies? how about asking billionaire hedge fund managers to pay the same tax rates as their secretaries? the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. the last election i thought was about jobs. we haven't talked about jobs at all since the new republican majority became -- came to power. that means investing in things like education and inastructure and green technology and medical research. that's the kind of economic future the american people deserve. the boehner default plan would take us exactly in the wrong direction and urge my colleagues on both sides of the aisle to reject it. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from california has 5 1/2 minutes remaining. the gentleman is recogn
right now we borrow $10 billion every month for military operations in afghanistan alone to prop up a corrupt and incoetent karzai government. how about ending wasteful subsidies to big agriculture companies? how about asking billionaire hedge fund managers to pay the same tax rates as their secretaries? the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. the last election i thought was...